Tuesday, 12 Jan 2010 03:48 PM The Federal Reserve Bank of New York faces a congressional subpoena into bailout decisions made under the leadership of now-Treasury Secretary Timothy Geithner. Rep. Edolphus Towns, D-N.Y., said Tuesday he will subpoena the New York Fed for documents related to the bailout of failed insurer American International Group Inc. [...]

Nov 22, 12:01 PM (ET) By TOM RAUM WASHINGTON (AP) – Suddenly the Federal Reserve is everybody’s punching bag.Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, [...]